Group items tagged

Denmark may have registered two consecutive quarters of falling economic output \n- technically putting the country in recession - but there is no shortage of \njobs.

The Irish Republic's economy has fallen into recession after shrinking for a second quarter in succession.

Copper and aluminum futures advanced in Shanghai on investors' optimism...

Is China recession proof? A panel of leading Chinese economists explains how the world's fastest-growing economy keeps expanding despite the global downturn.

The picturesque Fal Estuary on the Cornish coast, is turning into a giant ship depot as tankers are laid up to ride out the recession.

It now lies vacant - they were evicted to make way for a new development, but when the recession kicked in those plans were put on hold.

Conference output

Copper hit an 18-month low on Tuesday before trimming losses as recession fears grew after the U.S. Congress voted down a rescue plan for troubled banks.

GENERATION G | "Captures the growing importance of 'generosity' as a leading societal and business mindset. As consumers are disgusted with greed and its current dire consequences for the economy-and while that same upheaval has them longing more than ever for institutions that care-the need for more generosity beautifully coincides with the ongoing (and pre-recession) emergence of an online-fueled culture of individuals who share, give, engage, create and collaborate in large numbers.

Conditions in the global electronics contract manufacturing business are continuing to deteriorate due to the recession and the weakening high-tech industry, prompting iSuppli Corp to further cut its short- and long-term growth expectations for this volatile industry. Global contract manufacturing industry revenue, consisting of sales by Electronics Manufacturing Services (EMS) and Original Design Manufacturing (ODM) providers, now is expected to decrease by 9.9 per cent during 2009 with revenues of $270.8 billion, compared to $300.7 billion in 2008.

The commodity super-cycle is not over, it is just pausing. For the world economy to resume growth of 5 per cent, energy supply must expand by a similar rate. But with lower oil prices and a credit crunch, energy investment is plummeting, suggesting global energy demand will eventually pick up more rapidly than productive energy capacity. Assuming the ongoing global recession does not turn into a multi-year event that pushes energy demand down structurally, steep decline rates could again put upward pressure on oil prices as soon as 2010 or 2011. In particular, if the low oil price/high cost of money environment persists for most of this year and next, our base case scenario for non-OPEC production could prove optimistic, exacerbating the second leg of the commodity super-cycle. If and when the global economy starts to recover, too many dollars chasing too few barrels will only lead to much higher oil prices.

It is clear that the economic and financial downturn have begun to take a serious toll on new wind development.

With airline fares hitting the roof and recession fears compelling companies to cut costs, the interest in video conferencing - or as some like to call it, telepresence solutions - is seeing rapid growth.

Cuts and delays to investment in Europe's energy infrastructure caused by the financial crisis and the recession will weaken future energy security and undermine the fight against climate change, a leading consultancy has warned.

"In the near term, the Chinese economy is pausing for breath. China is not completely insulated from an OECD recession and we will see an impact on Chinese exports. However, the near term slowdown of growth is substantially due to tightening of monetary policy introduced by the Chinese government last year in order to tackle inflation. Furthermore, we expect third quarter economic data to show an exaggerated slowdown, reflecting the postponement of projects during the Olympics. Looking further out, Chinese GDP will remain largely driven by the domestic economy and we expect industrialisation and urbanisation to continue apace with strengthening demand across a range of Rio Tinto products.

Aluminium prices at LME and SHFE have stopped slumping at a low level since mid October, after major aluminium enterprises reduced production on the market downturn. Under the current economic recession and financial crisis, outputcut is not big enough to reverse the situation of surplus supply, said market analysts here, adding that it is hard to improve aluminium price in a short period. Currently, the whole aluminium industry is losing money

The global recession has arrived in Zambia's Copper Belt.

Ohio-based supplier of specialty copper alloy products Brush Engineered Materials Inc. reported second quarter results. Q2 2009 sales were US$174.1 million, 29% lower than the same period a year ago but an improvement of 29% from the first quarter this year. Net loss was US$0.8 million versus net income of US$7.2 million in Q2 2008. The Specialty Engineered Alloys segment reported Q2 sales of US$41.2 million, compared to sales of US$83.0 million the same period in 2008. Operating loss for Q2 was US$9.3 million compared to an operating profit of US$4.8 million a year ago. The decline in segment sales was primarily due to the effect of the severe global recession in key markets including telecommunications, computer, automotive electronics, oil and gas, aerospace and heavy equipment. A portion of the decline was due to lower metal prices. The company is foreseeing an improving order book and is expecting to generate a slight profit in Q3 this year with higher sales volume and positive impact from its cost-reduction activities.

Recovery from the global recession is likely to arrive earlier than had been expected a few months ago but the pace of activity will remain weak well into next year, according the OECD's latest Interim Economic Assessment.